Tax Year 2024 Ira Contribution Limits. For the tax year 2024, the maximum contribution to a roth ira is $7,000 for those younger than 50 and $8,000 for those who are 50 or older. More people will be able to make contributions to roth.

The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older. For the 2024 tax year, you can save a maximum of $23,000 in a roth 401 (k).